CAT shocks market with SLH acquisition

KINGSTON, ON - CAT Holding has made another acquisition. The truckload carrier has purchased Kingston, Ontario-based SLH Transport, it announced today. This is the second acquisition for CAT in 2017, with the company purchasing Group Express Groupex in January. CAT President Daniel Goyette says the group will gain an enormous boost in capacity and coverage for North America with the addition of both companies. SLH -- at one time a private fleet operated specifically for Sears department stores, before becoming a for-hire operation -- was previously named to the 13th position of Today's Trucking's Top 100 carriers list.

IN PRINT — Natural Investments: Will carbon taxes boost natural gas trucking?

Times were different when C.A.T. signed the deal for 100 trucks that run on Compressed Natural Gas. The Canadian and U.S. dollar were essentially valued at par, increasing the fleet's buying power on U.S.-made equipment. Quebec's provincial government also pledged $15,000 per truck, helping to offset any sticker shock around the emission-friendly designs, and natural gas was clearly cheaper than diesel when oil was close to $100 per barrel.